[144 Pages Report] The global nematicide market was estimated at USD 1.17 billion in 2016 and is projected to reach USD 1.43 billion by 2023, at a CAGR of 3.3% during the forecast period.

The years considered for the study are as follows:

Base year  2015

Estimated year  2016

Projected year  2022

Forecast period  2016 to 2022

The objectives of the report are as follows:

To define, segment, and measure the nematicides market, in both quantitative and qualitative terms

To provide a global analysis of the market structure by identifying various agricultural and industrial applications of nematicides

To study the value chain of the global nematicides market by providing an analysis of opportunities in the market for stakeholders through the identification of high growth segments

To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the total market

To provide a strategic profiling of key players of the nematicides market and a comprehensive analysis of their core competencies

Research Methodology:

Key regions were identified, along with countries contributing the maximum share.

Secondary research was conducted to obtain the value of the global nematicides market for regions such as North America, Europe, Asia Pacific, and RoW.

Key players have been identified through secondary sources, such as the Bloomberg Businessweek, Factiva and annual reports of the company, while their market share in the respective regions has been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) pertaining to the global nematicides market.

Company Information

The global nematicides market is projected to reach at USD 1.43 Billion by 2022, at a CAGR of 3.30% during the forecasted period. Multiple factors such as better maintenance of soil health to achieve the required crop yield, and emergence of South American countries in the agricultural sector acted as major contributors toward the growth of the overall market. In near future, Central and South American countries such as Brazil and Argentina are expected to emerge as food-exporting powerhouses due to various reasons such as large availability of arable land, favorable climatic conditions and expansion of specialty crops; in turn increases the demand for crop protection. Moreover, ongoing R&D activities on nematode control also help in introducing a few biological agents for effective crop protection solutions.

The nematicides market has been segmented on the basis of type, form, method of application, application, and region. Based on the type, this market has been segmented into fumigant, carbamate, organophosphate, bionematicide, and others (acetoprole, benclothiaz, DBCP, and metam). The fumigant segment, by type, dominated the market in 2015 due to increasing use on high-value crop produces, such as fruits and vegetables. The fumigants remain an effective technique to control nematodes in the soil. It is one of the major biologicals that helps in controlling major nematodes, such as root knot nematodes, stubby root nematodes, and cyst nematodes. The bionematicides segment is projected to grow at the fastest CAGR during the forecast period. This is largely attributed to the declining demand for chemical-based nematicides due to the imposition of stringent government policies in developed countries and the increasing shift towards organic farming.

Based on form, the nematicides market is segmented into solid (granular or powder) and liquid. The granular or powder form dominated the market in 2015. However, the liquid-based nematicides segment has been projected to witness the fastest growth during the forecast period due to flexibility toward direct placement of the nematicides on the target crop and due to their cost-effective benefits.

Based on method of application, the market is segmented into fumigation, irrigation, spraying, and seed treatment. Although the fumigation method segment held the largest market share in 2015, the seed treatment method is projected to witness the fastest growth during the forecast period, due to its less harmful effects on the human health.

Based on application, the agricultural segment accounted for the largest share in 2015 and is projected to be the fastest-growing during the forecast period. This can be attributed to the increasing industrialization globally, accommodating the growth of industrial crops, such as corn and soybean leading to the increasing use of nematicides for controlling nematodes and increasing crop yield.

The nematicides market is dominated by North America, followed by Europe in 2015. Limited availability of arable land and increasing focus on better agricultural output is driving the demand for nematicides in the North American region. The Asia Pacific region is projected to grow at the highest CAGR due to better crop protection practices adopted in the developing countries of Asia Pacific and increasing use of nematicides, which improves the soil condition and helps in better yield.

The growth of nematicides market growth is projected to be influenced due to the imposition of various government regulations that lower the demand and impact prices of nematicides in various countries. Moreover, due to the harmful effects of some synthetic nematicides on humans and the environment has led to a decline in the demand for these products. The nematicides market is fragmented and competitive with many players operating at regional and local levels. The key players in this market are BASF SE (Germany), Bayer CropScience AG (Germany), The Dow Chemical Company (US), E.I. Du Pont De Nemours and Company (US), and Monsanto (US). These players mainly focused on adopted mergers & acquisitions and new product launches as their key strategies. Moreover, the players are focusing on undertaking strategies such as collaborations, partnerships, and agreements, which helped them in expanding their portfolio.

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